Aug 4, 2026 - XAUUSD Analysis and Potential Opportunity
📊 Summary:
Yesterday, the 4020 support held as expected, keeping the short-term bias bullish. The preferred strategy remains to buy pullbacks where support holds.
Today, keep a close eye on the 4055 resistance, which serves as the key pivot between bulls and bears. A break and hold above 4055 would strengthen bullish momentum and keep the focus on buying pullbacks where support holds. If price fails to break above 4055, it could provide an attractive short opportunity.
🔍 Key Levels to Watch:
• 4072 – Resistance
• 4065 – Resistance
• 4055 – Key Resistance
• 4040 – Support
• 4030 – Support
• 4020 – Support
📈 Intraday Strategy:
SELL: Near 4055 → target 4050, with further downside toward 4045, 4041, 4037
BUY: If price holds above 4055 → target 4058, with further upside toward 4061, 4065, 4072
If you find this helpful or traded using this plan, a like would mean a lot and keep me motivated. Thanks for the support!